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Boeing up 3% on Navy jet deal
Boeing has finalized a deal worth over $20 billion with the U.S. Department of Defense and the U.S. Navy to develop sixth-generation fighters (F/A-XX) that will replace the current F/A-18 aircraft. The new fighter will feature an open mission system and advanced systems to enhance range and operational capabilities, causing Boeing's stock to rise by 3.1% in pre-market trading, while its competitor Northrop Grumman's stock declined by 3.5%.
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